What is performed by real estate agents to assist their clients in determining a reasonable asking price for a listed property?

An Appraisal Price Opinion, often performed by a real estate agent, is less formal than a full appraisal and is typically used for quick assessments. However, it may not be as comprehensive as a CMA, which specifically compares multiple similar properties to establish a market-based price, thus making it less effective for determining a reasonable asking price.

A Real Estate Appraisal is a professional assessment conducted by a licensed appraiser, evaluating a property's value based on various factors such as condition, location, and market trends. While it provides an accurate value, it is not typically performed by real estate agents as part of their primary services for setting asking prices.

An Offer Price Analysis reviews offers received for a property to evaluate buyer interest and determine if the asking price is appropriate. However, this analysis occurs after a property is listed, rather than assisting in setting the initial asking price like a Comparative Market Analysis.